Customer Stories

Fast, Data-Driven Deal Screening

Enhance Deal Evaluation With Technical Precision

Success at a Glance

Challenges

  • Large number of deals to screen to prioritize opportunities
  • Easily accessible data that can be summarized quickly
  • Difficult to assemble a fully integrated view of an asset with data sprawls

Solutions

  • Reduced complexity of deal analysis
  • Efficient, repeatable, trusted workflows
  • Comprehensive asset evaluation with a view of geology, completions and spacing in Enverus PRISM®

Results

  • Faster, more efficient deal analysis
  • Develop analytics dashboards for full evaluation
  • Make better decisions and acquisitions for the company portfolio

Client Overview

Henry Resources (Henry) is the oil and gas division of the Henry organization. In November 2023, the company shifted its strategy away from operations, following the divestiture of its operated properties to Vital Energy. Henry now concentrates on acquiring non-operated working interests, primarily in the Permian Basin. Henry is focused on pursuing acquisitions of high-quality assets and forming partnerships with private investors or family offices, prioritizing shared values, long-term investment cycles and a commitment to low-leverage financial strategies.

Challenges

Navigating Deal Screening Complexity

The business development team at Henry faces the challenge of balancing screening many deals rapidly, while not compromising on technical due diligence. Efficiently navigating this process is crucial for their business growth. To provide the most confident recommendations to leadership, access to reliable data that can be summarized quickly is essential. Without efficient tools, the business development team could miss out on time-sensitive opportunities. When evaluating potential assets, having a fully integrated view that combines technical reservoir engineering with geology is paramount. A comprehensive approach ensures confidence in asset assessments, minimizing risks and maximizing returns for Henry.

Solutions

Comprehensive Asset Evaluation

In addition to informing the correct spacing and completion for type curve wells, Henry is leveraging the geology maps in PRISM to pick out the correct analog wells for their type curves as well, informing the key subsurface drivers and production results. This multidisciplinary analysis feeds into determining appropriate development plans and development timing, and ultimately, a full asset evaluation. Having access to Enverus tools to screen and prioritize deals, then confidently rely on detailed technical data to feed development models is crucial to being able to identify the right growth opportunities for the company.

Results

Win-Win Deals, Never Compromising on Values

By streamlining deal screening and prioritizing high-potential opportunities, Henry can secure win-win deals. Their efficient approach allowed them to identify lucrative prospects without compromising on technical due diligence. Enverus empowers the team to make informed decisions while maintaining integrity and alignment with their company ethos. Henry is enabled to maximize returns, minimize risks and pursue growth opportunities with confidence.

Customer

Industry

Oil & Gas Operator

Company Size

600

Location

Midland, Texas

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